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570 Laclie Street Orillia, Ontario L3V 4A9

$1,995,000

570 Laclie Street is located in north Orillia at the intersection of Laclie Street, Hughes Road and Ferguson Road. The 1.287 AC triangular parcel has approximately 600' of frontage on the east side of Laclie Street. Property borders Ferguson Road at the rear of the parcel which appears to be an unassumed road / opened allowance that intersects with Hughes & Sundial Drive at the north and south boundaries. Property can be serviced as municipal water and sanitary lines / storm sewers, as well as natural gas, electricity, high speed interest and telephone are located on all surroundings streets. This parcel is located just 750m west of the shores of Lake Couchiching and 750m south of closest Highway 11 interchange. In 2021, the City of Orillia approved a rezoning from C4(i)H2 to R5-13i(H2) to allow for a 7-storey building with 70 dwelling units. While the site has been rezoned for a 70 unit, 7 storey building, the current rendering and site plan indicates ground floor parking with five floors of residential for a total of 6 storeys. consisting of 70 residential condo units and 91 parking spaces, Unit mix: 52 One-Bedroom Suites, 8 Two-Bedroom Suites and 10 Three-Bedroom Suites, with a 1.3 parking ratio. Total GFA = 91,446SF / Total NSA = 82,271 SF - Site coverage of 23.15%. Zoning By-Law Amendment 2021-37 allows for density of 133.89 units / hectares. Current Development charges for project estimated to be $1,295,588 based on current DC for residential. To be re-assessed - estimated to be $11,000 for 2025. (id:48303)

Property Details

MLS® Number S11990417
Property Type Vacant Land
Community Name Orillia
AmenitiesNearBy Public Transit, Schools
Features Level Lot, Wooded Area, Irregular Lot Size, Partially Cleared, Flat Site

Building

UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
LandAmenities Public Transit, Schools
Sewer Sanitary Sewer
SizeIrregular 608 X 160 Acre ; 78.52 Ft X 427.89 Ft X 15.42 Ft X 46.73
SizeTotalText 608 X 160 Acre ; 78.52 Ft X 427.89 Ft X 15.42 Ft X 46.73|1/2 - 1.99 Acres
SoilType Loam, Sand
SurfaceWater Lake/pond
ZoningDescription R5-13i(h2)

Utilities

Cable Available
Sewer Available

https://www.realtor.ca/real-estate/27957264/570-laclie-street-orillia-orillia

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Sutton Group Incentive Realty Inc.
80 Maple Ave, 100365
Barrie, Ontario L4N 1R8

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